Does sovereign debt weaken economic growth? A panel VAR analysis

被引：66

作者：

Lof, Matthijs ^{[1
]}

Malinen, Tuomas ^{[1
]}

机构：

[1] Univ Helsinki, Helsinki Ctr Econ Res, FI-00014 Helsinki, Finland

来源：

ECONOMICS LETTERS | 2014年 / 122卷 / 03期

基金：

芬兰科学院;

关键词：

Public debt; Debt share; GDP growth;

D O I：

10.1016/j.econlet.2013.12.037

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We estimate panel vector autoregressions to analyze the highly disputed relationship between sovereign debt and economic growth. Using data on 20 developed countries, we find no evidence for a robust effect of debt on growth, even for higher levels of debt. We do find a significant negative reverse effect of growth on debt, which explains the negative correlation. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：403 / 407

页数：5

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